United Breweries, the Indian beer maker part-owned by Heineken, posted a 94.03% Q4 profit slide, due to high raw material costs. Standalone profit declined to INR97.3m ($1.19m), from INR1.63bn a year earlier. Total expenses rose nearly 18%, following a 32% spike in raw material costs, due to inflationary pressures from prices of barley and packaging materials. United Breweries, which sells beer under labels including Kingfisher and Cannon 10000, saw revenue growth slow from 96% in Q1 to 5.4% in Q3.
